Taxes

The Latest: Ivanka Trump pitches child tax credits on Hill

The Latest on Republican plans to overhaul the tax code (all times local): 2:05 p.m. President Donald Trump says he shut down speculation that 401(k) plans may be changed to pay for tax cuts because they're important for middle-class retirement.

Senate passes bipartisan 'historic' budget deal

Connecticut lawmakers on Wednesday inched closer toward voting on a long-awaited, bipartisan compromise state budget agreement, possibly ending a monthslong budget impasse.

Tax standoff: State and local tax deduction focus of GOP private mtg. Wednesday

The fate of one of the most controversial and in some places cherished perks in the U.S. tax code—the deduction for state and local taxes – could be decided as early as tonight as GOP lawmakers meet to hash out a plan that might still preserve the tax break, which has been targeted by the Trump administration for elimination in its broader tax reform efforts, FOX Business has learned.

Ivanka Trump promotes child tax credit at Capitol

Ivanka Trump teamed up with Republican legislators Wednesday to try to ensure the tax-overhaul package under construction on Capitol Hill includes an expansion of the child tax credit.

In poll, people say Trump tax plan benefits rich, companies

Most Americans say President Donald Trump's tax plan would benefit the wealthy and corporations, and less than half believe his message that "massive tax cuts" would help middle-class workers, according to an Associated Press-NORC poll.

Tax figures show another tough year for North Dakota

Already reeling from a prolonged slump in energy and agriculture prices, a severe drought this summer in North Dakota likely will contribute to a third consecutive year of slipping average gross income for residents, state Tax Department officials said.

Paul Ryan says tax plan unlikely to swell deficit: Reuters

The Republican tax cut plan that President Donald Trump wants passed by year's end is unlikely to trigger a big deficit expansion because it will spur more investment and job growth, House Speaker Paul Ryan told Reuters in an interview on Wednesday.

Tax changes for 2018: What you need to know

As the Trump administration and GOP lawmakers work to complete a tax reform overhaul by year’s end, the Internal Revenue Service (IRS) released some cost-of-living changes that will go into effect beginning next year.